Apart from GCPL, there are other large FMCG companies which also have corrected any where between 15% to 30% during past few months.
Mr. Market sometimes thinks too much about short term, and ignores long term fundamentals of the business.
We as investors need to look beyond short term noise.
GCPL may have some issues at the moment, but due to their mid quarter update that, margins could be under pressure for some more time, it might have created opportunities in other more strong FMCG stocks as well.
Good companies with an experienced managements will always navigate through such tough times, so we need look at fundamentals like free cash flows, pricing power, and long term plans of these companies.
Currently not holding GCPL.